El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

panipoo, el cap has a small iron deposit, maybe 50 million tons at +-30% Fe. Australia has defined respources of 183,000 million tonnes at 42% and much much more undefined. Brazil has huge resources too.

At 30% Fe el cap has about $40/ton of contained iron which is heavy and expensive to ship.

The fastasy PM numbers invented by ecpn range from 0.4 to 1.2 opt Au equivalent for the dirt. That is $500 to $1500 per ton of contained fantasy metal. If they really had PMs they would not be even thinking about iron. The statement that USFS will not allow them the store iron concentrates is total BS to distract shareholders. ecpn has plenty of patented ground to store their tiny production.

The lack of significant PMs at el cap is proven by their nil PM production after 15 years of trying. Yes those nil PMs belong to you. Have at em.

When March-April comes and goes still with no significant PM revenue will you still be beating the PM drum?